The company has bagged multiple orders worth Rs 1,092 crore across its businesses in India and overseas.
Asset monetisation in the roads sector will see an acceleration as EPC companies in this space pursue growth
Strong order books and healthy execution of projects will cushion revenue blow for Engineering, Procurement and Construction (EPC) companies in the highways sector, Crisil Ratings said on Wednesday.
Slower project awarding and delayed receipt of 'appointment date' (on which projects are kicked off) from the NHAI are the main contributors to this decline
Shapoorji Pallonji & Company holds a 66% stake in SWS while the rest is held by Khurshed Yazdi Daruvala
The road ministry's efforts to improve the financial health of road companies in the country have paid off. According to rating agency Crisil, credit profile of road engineering, procurement and construction (EPC) companies have shown a sharp turnaround.The Crisil report added these road EPC companies are set for 15% topline growth in current fiscal year."Driven by the Ministry of Road Transport and Highways (MoRTH) and the National Highways Authority of India (NHAI), over 80% of the highway projects in the past three years have been bid out under the hybrid - or engineering, procurement, construction (EPC) - model. Not surprisingly, 50 road EPC companies rated in the investment-grade by CRISIL, have benefited from the trend and delivered 20% compounded annual growth in revenue in the past three years," the report said.According to the report, better working capital management and capital structure, sharp focus on execution and judicious bidding has led to a significantly improved ...